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Project Management 46 Notes
Project Management 46 Notes
Project Management
temporary
customer
involve uncertainty
Characteristics of Projects
Single unit
Relatively low frequency
Defined starting points and ending points
Defined outcomes / goals
Complex interrelated tasks, often
transcending functional boundaries
Require special management tools
What is a project?
Project brief:
states customer requirements or problem
(scope)
Gantt charts, network diagrams, critical path
(cost)
How Project Management Relates to
Other Disciplines
Much of the knowledge needed to
manage projects is unique to the
discipline of project management
Project mangers must also have
knowledge and experience in
general management
the application area of the project
The Project Management Profession
definition / design
execution / implementation
close-out
Project life cycle: concept phase
Clarify customer requirements
Identify all stakeholders
Finalize project objectives
Define key performance indicators
Generate and evaluate alternative solutions
Determine best solution & evaluate risk
Detailed plan for definition phase
Provisional base line
Life cycle: definition phase
Develop work breakdown structure (WBS)
Which contractor(s)?
Obtain cost and schedule estimates
(estimating)
Develop detailed plan for implementation
phase & preliminary plan for rest of life
Develop preliminary plan for rest of life
Prepare provisional baseline: decision-
making milestone meeting
Life cycle: Implementation phase
Contract out or in - each task of
implementation phase WBS
Monitor and control project performance
Launch corrective action whenever
needed
Life cycle: close-out phase
Test all deliverables
Transfer to owner
Performance measurement
subtasks
Gantt chart
Graphical technique that shows the amount of time
Time
Start Finish
Project Formulation
Points to be considered:
• The type and level of industrial activity
• To match his financial resources with the
required amount
Import Substitution
Promoting ancillaries
Organisational Set-Up
Management Problems
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